Claim BonusRipple Vs SEC: Watchdog Submits Hinman Memos To Defend Claim
The US Securities and Exchange Commission (SEC) has finally submitted the documents related to Bill Hinman’s infamous 2018 Ethereum (ETH) speech for in camera review. The commission mentioned that the memos submitted are under three different categories.
SEC submits memos under 3 categories
The court on June 14, 2022 asked the SEC to tender the internal documents to justify its assertion that they are protected under attorney client privilege. The regulator added that the submitted documents include 10 exemplar documents listed in “Attachment 1”. These memos were also mentioned in the commission’s letter for partial reconsideration.
The SEC had used every tactic in the books to shield the Hinman’s Speech documents. In the latest submission, the commission has put the document in three sections. The first set includes David Frederickson’s emails communicating about legal issues for the Speech. This also contains drafts of legal advice given to Hinman related to the speech contents. David Frederickson was working as the Chief Counsel for the SEC’s Division of Corporation Finance.
While the second category of memos is emails from June 2018. These were sent by Michael Seaman (Hinman’s Counsel) to Hinman, Frederickson, and Szczepanik. The email carries an attachment of speech drafts with implemented legal advice from different SEC divisions. The staff of Trading & Markets (TM) and Investment Managemen (IM) were also involved.
Will Court accept Watchdog’s assertion?
The last category holds emails of attorneys from TM, IM, and OGC with the draft Seaman sent to Hinman. The draft was sent on June 11, 2018. This also includes the email with a draft of the refined language related to legal issues.
Now, as the court has obtained the required document, SEC’s fresh assertion will be challenged. The in camera review will lead the lawsuit towards the clarity over the speech made by Hinman on June 14. 2018. The speech allegedly directed that the Ethereum (ETH) is not the security under the consideration of the authority.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: U.S. Supreme Court Strikes Down Trump Tariffs, BTC Price Rises
- Breaking: U.S. PCE Inflation Rises To 2.9% YoY, Bitcoin Falls
- BlackRock Signals $270M Bitcoin, Ethereum Sell-Off as $2.4B in Crypto Options Expire
- XRP News: Dubai Tokenized Properties Trading Goes Live on XRPL as Ctrl Alt Advances Project
- Aave Crosses $1B in RWAs as Capital Rotates From DeFi to Tokenized Assets
- Will Pi Network Price See a Surge After the Mainnet Launch Anniversary?
- Bitcoin and XRP Price Prediction As White House Sets March 1st Deadline to Advance Clarity Act
- Top 3 Price Predictions Feb 2026 for Solana, Bitcoin, Pi Network as Odds of Trump Attacking Iran Rise
- Cardano Price Prediction Feb 2026 as Coinbase Accepts ADA as Loan Collateral
- Ripple Prediction: Will Arizona XRP Reserve Boost Price?
- Dogecoin Price Eyes Recovery Above $0.15 as Coinbase Expands Crypto-Backed Loans
